China Airs Details of Reform;
Jiang Hints at Privatization

BEIJING -- As China's twice-a-decade leadership summit nears, key details are emerging on how the state plans to withdraw from formerly sacrosanct sectors of the economy.

While the measures fall short of Eastern European-style radical privatizations, they are the boldest measures in years for reforming China's chronically weak state enterprises. The basic outline: The state will only insist on public ownership in a few key industries,...